Wellington Management Group LLP Boosts Position in The Hackett Group, Inc. (NASDAQ:HCKT)

Wellington Management Group LLP increased its holdings in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 393,291 shares of the business services provider's stock after acquiring an additional 19,300 shares during the quarter. Wellington Management Group LLP owned approximately 1.42% of The Hackett Group worth $12,082,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of The Hackett Group by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,186,611 shares of the business services provider's stock valued at $67,173,000 after buying an additional 16,682 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of The Hackett Group by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 716,072 shares of the business services provider's stock valued at $22,002,000 after buying an additional 15,819 shares during the last quarter. Boston Partners lifted its position in shares of The Hackett Group by 2.9% during the fourth quarter. Boston Partners now owns 525,435 shares of the business services provider's stock valued at $16,086,000 after buying an additional 14,676 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of The Hackett Group by 1.7% during the fourth quarter. Wells Fargo & Company MN now owns 322,655 shares of the business services provider's stock valued at $9,912,000 after buying an additional 5,459 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of The Hackett Group by 7.1% during the fourth quarter. Northern Trust Corp now owns 284,120 shares of the business services provider's stock valued at $8,728,000 after buying an additional 18,746 shares during the last quarter. 78.12% of the stock is owned by hedge funds and other institutional investors.

The Hackett Group Stock Performance

Shares of The Hackett Group stock traded up $0.45 during midday trading on Friday, hitting $25.00. The company had a trading volume of 106,190 shares, compared to its average volume of 121,838. The stock has a market cap of $691.38 million, a price-to-earnings ratio of 23.59, a PEG ratio of 1.53 and a beta of 0.95. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The company has a fifty day simple moving average of $25.74 and a 200 day simple moving average of $28.87. The Hackett Group, Inc. has a 12-month low of $21.12 and a 12-month high of $34.02.

The Hackett Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Friday, June 20th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Friday, June 20th. The Hackett Group's dividend payout ratio is presently 56.47%.

Wall Street Analysts Forecast Growth

Several research firms have commented on HCKT. Wall Street Zen lowered shares of The Hackett Group from a "strong-buy" rating to a "buy" rating in a research report on Thursday, April 24th. Barrington Research decreased their price objective on shares of The Hackett Group from $36.00 to $32.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $31.33.

The Hackett Group Company Profile

The Hackett Group, Inc operates as an intellectual property-based executive advisory, strategic consulting, and digital transformation company in the United States, Europe, and internationally. The company operates through three segments: Global Strategy & Business Transformation, Oracle Solutions, and SAP Solutions.